Indian Railways online ticketing subsidiary Indian Railway Catering and Tourism Corporation or IRCTC has been caught in a squabble with six banks over convenience fees on transactions. IRCTC has blocked these banks from using its payment gateway for debit card payments.

"Overall the fall in demand and new launches of residential projects slowed down in the Q1 as impact of demonetisation on the real estate sector tapered down faster than the expectations," PropEquity said in a report.

Delhi-based developer Prashant Solomon, Managing Director of Chintels India Pvt. Ltd and Treasurer of builders' apex body CREDAI NCR, details what is ailing the real estate industry and how the recent reforms can pull it out of the worst protracted slowdown. Edited excerpts.

Targeting the upcoming elections in the state, Karnataka CM Siddaramaiah in his populist Budget has announced many freebies on Wednesday. During the ongoing Budget session, he announced that the additional excise duty on the liquor will be removed.

Sudhir Pai, chief executive of MagicBricks, has been instrumental in scaling up its business and pushing it towards a leadership position within the fiercely contested online real estate portal segment in India.

Union Budget 2017 (the budget) proposes an additional burden of secondary adjustment for Indian companies having transactions with foreign related parties, and thereby moves towards a more stringent transfer pricing (TP) regime in India.